Selected American Correlations

The current 90-days correlation between Selected American Shares and Touchstone Sands Capital is 0.69 (i.e., Poor diversification). The correlation of Selected American is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Selected American Correlation With Market

Poor diversification

The correlation between Selected American Shares and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selected American Shares and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Selected Mutual Fund

0.87	SLADX	Selected American Shares	Pair Corr
0.86	VVIAX	Vanguard Value Index	Pair Corr
0.89	AWSHX	Washington Mutual	Pair Corr
0.88	WSHCX	Washington Mutual	Pair Corr
0.78	WSHFX	Washington Mutual	Pair Corr
0.79	FWWMX	American Funds Washington	Pair Corr
0.79	FWMMX	American Funds Washington	Pair Corr
0.68	WRHIX	Ivy High Income	Pair Corr
0.78	WHIAX	Ivy High Income	Pair Corr
0.83	IHIFX	Ivy High Income	Pair Corr
0.78	IVHIX	Ivy High Income	Pair Corr
0.88	MAGSX	Madison Aggressive	Pair Corr
0.77	DCSYX	Davis Appreciation Income	Pair Corr
0.69	NEFZX	Loomis Sayles Strategic	Pair Corr
0.79	IIFIX	Vy Franklin Income	Pair Corr
0.86	MUNDX	Mundoval Fund Mundoval	Pair Corr
0.79	IIFSX	Vy Franklin Income	Pair Corr
0.64	FLBDX	Total Return Bond	Pair Corr
0.66	JCVWX	Classic Value	Pair Corr
0.67	JDPAX	Perkins Mid Cap	Pair Corr
0.71	FLRVX	Franklin Lifesmart 2020	Pair Corr
0.87	MZHSX	Muzinich High Yield	Pair Corr
0.85	TIBCX	Thornburg Investment	Pair Corr
0.77	OAYBX	Oakmark Equity And	Pair Corr
0.82	FFFGX	Fidelity Freedom 2045	Pair Corr

Moving against Selected Mutual Fund

0.6	SLSSX	Selected International	Pair Corr
0.6	SLSDX	Selected International	Pair Corr

Related Correlations Analysis

	TSEMX	LISOX	PENNX	FSENX	TDEIX	TWMIX	SFSNX	DIHRX	DSCGX	TADAX
TSEMX		0.52	0.53	-0.17	0.79	0.56	0.14	0.27	0.34	0.79	TSEMX
LISOX	0.52		0.53	-0.15	0.37	0.37	0.71	0.58	0.82	0.37	LISOX
PENNX	0.53	0.53		0.19	0.7	0.33	0.65	0.49	0.64	0.69	PENNX
FSENX	-0.17	-0.15	0.19		0.1	0.27	0.3	0.3	0.0	0.09	FSENX
TDEIX	0.79	0.37	0.7	0.1		0.73	0.23	0.45	0.3	1.0	TDEIX
TWMIX	0.56	0.37	0.33	0.27	0.73		0.21	0.69	0.22	0.72	TWMIX
SFSNX	0.14	0.71	0.65	0.3	0.23	0.21		0.54	0.92	0.22	SFSNX
DIHRX	0.27	0.58	0.49	0.3	0.45	0.69	0.54		0.51	0.44	DIHRX
DSCGX	0.34	0.82	0.64	0.0	0.3	0.22	0.92	0.51		0.29	DSCGX
TADAX	0.79	0.37	0.69	0.09	1.0	0.72	0.22	0.44	0.29		TADAX
	TSEMX	LISOX	PENNX	FSENX	TDEIX	TWMIX	SFSNX	DIHRX	DSCGX	TADAX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TADAX	+ 1.0	TDEIX
DSCGX	+ 0.92	SFSNX
DSCGX	+ 0.82	LISOX
TDEIX	+ 0.79	TSEMX
TADAX	+ 0.79	TSEMX
TWMIX	+ 0.73	TDEIX

High negative correlations

FSENX	- 0.17	TSEMX
FSENX	- 0.15	LISOX
DSCGX	- 0.0	FSENX

Risk-Adjusted Indicators

There is a big difference between Selected Mutual Fund performing well and Selected American Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Selected American's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSEMX	0.69	(0.11)	0.00	(0.08)	0.00	0.00	1.40	(1.22)	4.78
LISOX	0.56	(0.03)	(0.06)	0.01	0.66	(0.61)	0.99	(1.11)	3.02
PENNX	0.93	(0.13)	0.00	(0.08)	0.00	0.00	1.99	(1.96)	8.09
FSENX	0.91	(0.03)	0.00	(0.03)	0.00	0.00	1.59	(1.41)	5.04
TDEIX	0.92	(0.16)	0.00	(0.08)	0.00	0.00	1.62	(2.23)	8.75
TWMIX	0.80	(0.05)	(0.05)	0.00	1.10	(0.85)	1.56	(1.31)	5.01
SFSNX	0.83	(0.06)	(0.04)	0.01	1.18	(0.79)	1.83	(1.82)	5.58
DIHRX	0.59	(0.02)	(0.04)	0.03	0.75	(0.58)	1.06	(1.24)	2.67
DSCGX	0.81	(0.07)	(0.06)	0.00	1.05	(0.83)	1.70	(1.43)	4.04
TADAX	0.95	(0.15)	0.00	(0.07)	0.00	0.00	2.03	(2.21)	8.98

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC